Nevertheless

PG&E Infrastructure Boost Fails to Increase Profits

San Francisco-based PG&E Corp. spent nearly $4 billion on utility capital infrastructure investments last year, but its profits nevertheless declined quarter-over-quarter and year-over year at the end of 2009, the combination utility reported Friday.

February 22, 2010

Puget Utility Sees Year-End Rush for Merger

Still languishing in a legally imposed “silent” period that runs until Dec. 10, Puget Sound Energy (PSE) nevertheless is keeping a busy pace preparing to make a deluge of key regulatory filings by the end of the year on its proposed $7.4 billion merger with a consortium of Australian and Canadian private equity interests bidding to take the Bellevue, WA-based utility private.

December 3, 2007

S&P: Power Firms Face Few Problems with Refinancing Debt

Power companies should have no problem refinancing maturing debt in the near-term despite the current credit crunch, given the improvement in the sector over the past couple of years, according to a new report issued by Standard & Poor’s (S&P).

September 10, 2007

Mild Forecasts Cause Most of Market to Slide

The Northeast is emerging more slowly than expected from weekend winter storms that snarled air traffic in that region and others. Nevertheless, Northeast citygate prices saw double-digit declines Monday amid overall softness based on forecasts of mild temperatures in nearly all areas this week. Several scattered points managed to buck the trend with numbers that were flat to more than half a dollar higher.

March 20, 2007

$1-Plus Northeast Spikes Lead Overall Gains

Triple-digit spikes at Northeast citygates stood out amid otherwise mixed pricing Friday that nevertheless had a major bias toward the upside. The extra Northeast strength was hardly surprising, since that region was destined to bear the brunt of a weekend return to widespread, very cold weather.

February 27, 2006

Apache’s 2005 Earnings Climb 56%; Production Up 1.4%

Apache Corp., while suffering from hurricane losses in the Gulf of Mexico, nevertheless reported a 56% rise in 2005 earnings to $2.6 billion or $7.84 per diluted common share, compared to $5.03 per share, or $1.7 billion, in 2004. The company credited the increased earnings to record-high oil and natural gas prices.

February 6, 2006

Collaborative Study: NW Gas Supplies Adequate, But…

Natural gas supplies in the Pacific Northwest are adequate, but producers nevertheless are straining to keep up with a growing demand in a region attempting to balance its historic dependence on hydroelectric and coal-fired power generation, a collaborative study by the Northwest Gas Association (NWGA) concluded Tuesday. The regional situation is mirrored nationally, sending wholesale gas prices ever higher, the study concluded.

October 11, 2004

Collaborative Study: NW Gas Supplies Adequate, But…

Natural gas supplies in the Pacific Northwest are adequate, but producers nevertheless are straining to keep up with a growing demand in a region attempting to balance its historic dependence on hydroelectric and coal-fired power generation, a collaborative study by the Northwest Gas Association (NWGA) concluded Tuesday. The regional situation is mirrored nationally, sending wholesale gas prices ever higher, the study concluded.

October 6, 2004

ConocoPhillips CEO Says Current Oil, Gas Prices Not Sustainable

Acknowledging the possibility that a new oil and gas pricing environment could be in the offing, ConocoPhillips CEO Jim Mulva, nevertheless, is betting that current high prices probably are not sustainable. Mulva said the company has decided not to increase its current $6.2 billion a year exploration and production budget.

June 7, 2004

ConocoPhillips CEO Says Current Oil, Gas Prices Not Sustainable

Acknowledging the possibility that a new oil and gas pricing environment could be in the offing, ConocoPhillips CEO Jim Mulva, nevertheless, is betting that current high prices probably are not sustainable. Mulva said the company has decided not to increase its current $6.2 billion a year exploration and production budget.

June 4, 2004